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Friday, 19.04.2024, 00:28
Latvijas Kugnieciba subsidiary plans to increase its fleet to 40 vessels by 2020
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The company’s representatives informed that in mid-June LSC added the oil tanker Isola Blu to the fleet under its technical management. The ship has been built in 2008 at the shipyard of S.P.P. Plant&Shipbuilding Co Ltd in South Korea.
The company said that expanding the fleet is one of the company’s growth directions – there is a plan to increase the number of vessels in the fleet to 40 by 2020. At present, the LSC fleet comprises 28 ships, but the Isola Corallo tanker is expected to join the fleet within a month.
LSC, registered in December 1999, has a share capital of EUR 3.4 million. The company’s sole owner is Latvijas Kugnieciba. In 2017, LSC turned over EUR 3.711 million, up 6.7 percent against 2016, while the company’s profit shrank 3.6 times to EUR 158,759.
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